LOS ANGELES, CA  [Monday Nov.20.2006]  /WMQT.com/ -- Beyonce Knowles has begun collecting African-American art.

The R&B superstar wanted to start investing her money, but didn't feel comfortable putting her hard-earned dough into fancy cars or jewelry.

Knowles said, "I figured I needed to invest in something and I really love art. I don't buy cars. The first check I got when I was 16, I bought a car and I haven't bought a car since. I don't buy jewelry. I bought a really big diamond ring when I was 16, wore it and everyone said I was engaged, so I was like, 'I can't even wear it.' I haven't bought anything else since. I really am kinda cheap."

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